Mobility War: GM and Toyota Pursue Different Long-Range Strategies
General Motors has cut a deal with the Department of Energy to build hydrogen-powered cars while Toyota is planning for a big payday with its tried and tested hybrid technology.
The GM deal is worth $88 million and calls for a fleet of 40 hydrogen fuel cell vehicles along with further development of the technology.
Toyota, on the other hand, is planning to charge hefty premiums - about $5,000 to $8,000 - for its gasoline-electric hybrid SUVs compared with the gasoline-powered versions of the same vehicles.
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